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Ministry of Energy, Mines and Petroleum Resources Page 11. Deep Discovery Well Exemption Qualifying Criteria Qualifying Criteria – New gas pool – TVD > 4000m – Rig release date after November 2003 – New well surface location must be at least 20km away from the location of any well in a recognized pool of the same formation Royalty Credit Royalty Credit – Three year royalty holiday or 283,000,000m3 (~10bcf) Application Application – No application necessary – OGC will determine if qualification are met